STORE PRICE Meaning and
Definition
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Store price refers to the retail price at which a particular product or service is sold by a store or retail outlet. It is the sticker price or the amount that customers are required to pay when purchasing an item directly from a store, without any discounts or deductions. The store price is determined by various factors such as the cost of production, manufacturing, marketing, distribution, and the desired profit margin of the store.
It represents the amount of money that customers need to pay in order to acquire a specific product or service from the store's inventory. This price is typically displayed prominently on the item or through price tags, labels, or digital displays placed throughout the store.
The store price is usually higher than the wholesale price, as retailers add their own markups to cover their expenses and generate profits. It encompasses the total value that customers need to spend to obtain the product, inclusive of all applicable taxes and fees.
Store pricing strategies may include strategic pricing, competitive pricing, or promotional pricing, where the store offers discounts or special offers to increase sales or attract customers. Additionally, in certain cases, retailers may offer a price match guarantee, ensuring that their store price matches or is lower than the price offered by their competitors.
Common Misspellings for STORE PRICE
- atore price
- ztore price
- xtore price
- dtore price
- etore price
- wtore price
- srore price
- sfore price
- sgore price
- syore price
- s6ore price
- s5ore price
- stire price
- stkre price
- stlre price
- stpre price
- st0re price
- st9re price
- stoee price
- stode price
Etymology of STORE PRICE
The terminology "store price" is a combination of two words.
The word "store" originated from the Old English word "stor" or "stoor", which meant a collection or supply. It can be traced back to the Proto-Germanic word "sturaz", which also meant to accumulate or gather. Over time, "store" came to refer to a place where goods are kept, sold, or traded.
The word "price" comes from the Old French word "pris", which means value or worth. It can be linked to the Late Latin word "pretium", meaning cost or value. "Price" refers to the amount of money one needs to pay in order to acquire a product or service.
Therefore, the etymology of "store price" is a combination of the word "store", reflecting a place where goods are kept, with "price", indicating the value or cost of those goods.
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